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Europe Steam Boiler Market Trends

Report ID: GMI5470
Published Date: Nov 2024
Report Format: PDF

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Europe Steam Boiler Market Trends

The boiler market is experiencing significant growth driven by the rising demand for industrial automation and paradigm shift toward the energy efficiency and sustainability. Governments are leveraging policy interventions, environmental regulations, trade facilitation, and technological advancements to help the consumers in meeting rising domestic demand and expand into international markets. These efforts have spurred increased foreign direct investment (FDI) and domestic investments in new industrial facilities, driving a heightened demand for steam boilers.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for steam boiler in Europe reached USD 4.5 billion in 2024 and is set to grow at a 5.7% CAGR from 2025 to 2034, driven by the growing adoption of these units for space heating in commercial and industrial establishments.

The commercial segment is anticipated to grow at a CAGR of over 6.5% through 2034, influenced by urbanization and stringent emission regulations.

Germany's market is set to cross USD 1.2 billion by 2034, supported by a national energy policy and growth in the tourism sector.

The key players in the industry include Atlantic Boilers, Babcock & Wilcox Enterprises, Babcock Wanson, Bosch Industriekessel, Clayton Industries, Cleaver-Brooks, Cochran, Columbia Boiler Company, Doosan Heavy Industries & Construction, FERROLI, Fulton, Forbes Marshall, Hoval, Hurst Boiler & Welding Co.